Birchcliff Energy Ltd. (OTCMKTS:BIREF) Given Consensus Recommendation of “Strong Buy” by Analysts

by · The Markets Daily

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF – Get Free Report) have been assigned a consensus rating of “Strong Buy” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a buy rating and six have issued a strong buy rating on the company.

BIREF has been the subject of a number of analyst reports. TD Securities reissued a “buy” rating on shares of Birchcliff Energy in a research report on Tuesday, September 30th. BMO Capital Markets upgraded shares of Birchcliff Energy from a “hold” rating to an “outperform” rating in a research note on Monday, December 15th.

View Our Latest Analysis on BIREF

Birchcliff Energy Stock Up 0.7%

Birchcliff Energy stock opened at $5.11 on Friday. The firm has a market capitalization of $1.40 billion, a P/E ratio of 28.36 and a beta of 0.43. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.24. Birchcliff Energy has a twelve month low of $3.34 and a twelve month high of $5.90. The stock’s fifty day simple moving average is $5.25 and its 200-day simple moving average is $4.84.

Birchcliff Energy (OTCMKTS:BIREF – Get Free Report) last released its earnings results on Wednesday, November 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.05). Birchcliff Energy had a net margin of 10.60% and a return on equity of 3.17%. The company had revenue of $107.43 million during the quarter, compared to analysts’ expectations of $111.85 million.

Birchcliff Energy Company Profile

(Get Free Report)

Birchcliff Energy Ltd. (OTCMKTS: BIREF) is a Canada-based exploration and production company headquartered in Calgary, Alberta. Since its founding in 2000, Birchcliff has focused on developing natural gas, natural gas liquids and light oil resources in Western Canada. The company is publicly listed on the Toronto Stock Exchange and the OTC Markets and maintains an integrated asset base to support its upstream and midstream activities.

The company’s core operations are concentrated in the Montney formation of northeastern British Columbia and northwestern Alberta, one of North America’s largest unconventional resource plays.

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